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Appraise the following 3 key issues which have now come to light taking each in turn and stating the issue, the rule of law, an analysis/application and then arrive at a conclusion. Please follow the format to make your argument using IRAC: I (Issue), R (Rule of Law), A (Application or Analysis) and C (Conclusion). All answers should be supported with relevant statute and/or case law (lack of this will reduce your marks): 1. Your client is disputing your invoice based on 2% of the agreed sale price as the term ‘usual acquisition fee’ was not explained. With the use of relevant statutes and case law, would a court award your fee? (Approximately 800 words) 2. The ‘heads of terms’ memorandum was headed ‘subject to contract’. Appraise what this term means and if any of the terms in the sales contract was written wrong, would the concept of ‘subject to contract’ mean the correct term could be substituted? (Approximately 800 words) 3. Now your client has purchased the property, he has noted that there is a negative covenant preventing the parking of more than 10 cars on the site and a positive covenant providing that a retaining wall with the adjoining property must be kept in repair by your client – it currently needs some £30,000 of work to it. Analyse what land covenants are and provide the purchaser with some advice over whether either or both of these covenants are still enforceable. (Approximately 800 words)